Archive for November 12th, 2012

Central Bank Watch

Bank Rossii: Policy Unchanged

November 12, 2012

Russia’s central bank has changed rates just once this year, a 25-basis point increase of the refinancing rate in September to 8.25% that reversed a similarly-sized cut last December.  The single tightening came in response to concerns that elevated inflation could boost expected inflation and to make sure that didn’t happen.  After the October meeting, […] More

New Overnight Developments Abroad - Daily Update

Investors Digesting Japanese and Chinese Data Releases

November 12, 2012

The dollar opened the week on a marginally negative footing versus commodity-sensitive currencies, dipping 0.4%, 0.3%, and 0.2% against the Australian, New Zealand and Canadian dollars.  The dollar also edged 0.1% lower against the yen, yuan, and Swiss franc but firmed 0.1% relative to sterling.  EUR/USD is unchanged. There are partial market closures to observe […] More